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Concerned about financial well-being of its elderly

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New post 27 Feb 2013, 15:13
Quote:
Hi carcass, questions that ask you to most logically complete an argument can be asking you to defend the preceding argument (strengthen) or deconstruct it (weaken) fairly easily. Since strengthen and weaken are very much two sides of the same coin, it's not a huge difference if you want to use strengthen uniformly for this category. The Veritas Prep strategy involves distilling these two categories to keep your mission clear and avoid picking trap 180 answer choices.

As an example, Question 21 from the Veritas Advanced Verbal Strategy asks:

Which of the following most logically completes the argument?

When purchasing a new automobile, consumers are generally wary of car salespeople, a group that bears a reputation for dishonesty. To combat this perception, the CEO of Hoffpeck Motors is running an advertising campaign on television and radio in which he personally guarantees that he has certified each of his salespeople as 100% honest. This strategy may fail to achieve its desired results, however, because ______________________

(A) consumers pay less attention to television and radio advertising campaigns than they did before the widespread use of the internet
(B) consumers favor compact cars over full-size SUVs and trucks, and Hoffpeck Motors has failed to align its vehicle offerings with this changing market
(C) consumers are likely to view the CEO of Hoffpeck Motors as dishonest, himself, in light of his presence in a campaign to sell cars
(D) consumers view prominent businesspeople as more trustworthy than salespeople or mechanics
(E) consumers rank affordability and style ahead of showroom experience as the primary factors in their decisions to purchase new cars

If you view this question as a weaken question, the answer should be C. If you see it as a strengthen question, you'll likely pick answer choice D.
[Reveal] Spoiler:
OA. C



I Ron :) I agree.

In that sense based on your posted question here we have the word because so we would have a strenghten question BUT this question could be seen also as a weaken question.

Because seeing the overall structure of the stimulus we have to find an answer that confirm (strength) that the overall situation is flaw or weak.

Basically we have to find something like: the owner is a thief, he proposes a fraud and we have to find something that helps us to confirm his weakness. C

:)
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New post 28 Feb 2013, 08:37
carcass wrote:


I Ron :) I agree.

In that sense based on your posted question here we have the word because so we would have a strenghten question BUT this question could be seen also as a weaken question.

Because seeing the overall structure of the stimulus we have to find an answer that confirm (strength) that the overall situation is flaw or weak.

Basically we have to find something like: the owner is a thief, he proposes a fraud and we have to find something that helps us to confirm his weakness. C

:)


Hi carcass,
I agree with your strategy, strengthen and weaken are approached in the same way, so you can think of it as strengthening the doubt, or weakening the conclusion. This type of example is classified as a weaken question at Veritas to avoid tempting traps. Of course logically the answer should be C, but if you're going fast trying to save time you might think D is correct if you're stuck on the idea that you must strengthen the passage/plan.

As Vercules pointed out, Completes the Passage question can be virtually any type of question, so the important part is to find the answer that properly addresses all the issues brought up in the passage (and this is the GMAT so there's always at least one!) :)

Thanks!
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Concerned about the well-being of its elderly citizens, the government of Runagia decided two years ago to increase by 20 percent the government-provided pension paid to all Runagians over 65. Inflation in the intervening period has been negligible, and the increase has been duly received by all eligible Runagians. Nevertheless, many of them are no better off financially than they were before the increase, in large part because __________________.

a) they rely entirely on the government pension for their income
b) Runagian banks are so inefficient that it can take up to three weeks to cash a pension check
c) they buy goods whose prices tend to rise especially fast in times of inflation
d) the pension was increased when the number of elderly Runagians below the poverty level reached an all-time high
e) in Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living
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New post 12 May 2015, 16:52
We need to find an answer that explains why in-spite of the increase in pension the condition hasn't improve. Perhaps the price of commodities has increased and govt. is just doing a catch-up job with the inflation. But the premise already takes care of that
Quote:
Inflation in the intervening period has been negligible


e) in Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living - Correct Answer.

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Hello from the GMAT Club VerbalBot!

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Which of the following most logically completes the passage?
Concerned about financial well-being of its elderly citizens, the government of Runagia decided two years ago to increase by 20 percent the government provided pension paid to all Runagians over 65. Inflation in the intervening period has been negligible, and the increase has been duly received by all eligible Runagians. Nevertheless, many of them are no better off financially than they were before the increase, in large part because ________.

A. They rely entirely on the government pension for their income

B. Runagian banks are so inefficient that it can take up to three weeks to cash a pension check

C. They buy goods whose prices tend to rise especially fast in times of inflation

D. The pension was increased when the number of elderly Runagians below the poverty level reached an all-time high

E. In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living
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New post 25 Jul 2015, 02:10
since the argument said that Pension is duly received then B cannot be reason.
Inflation is negligible so C cannot be the reason.
D also does not help much.
i feel it is A although i saw somewhere that it is E.
Please correct me if I am wrong.
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Answer is E.

Before pension,

small X (pension)/ no x + bigger y (fund from children) = threshold Comfortable living

After Pension,

Bigger X (pension) + smaller y (fund from children) = threshold Comfortable living
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New post 25 Jul 2015, 04:08
I don't know why I chose C but later realized that E is the correct answer :roll:
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I chose C. And below is my reasoning. Can someone help explain why C is wrong?

Even though the argument stated that the overall inflation is negligible, this doesn't mean that the inflation is evenly distributed. So if these elderly citizens purchase things that have a high inflation rates, then the 20% increase in their pension may not cover the increased cost of what they purchase.

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New post 26 Aug 2015, 01:33
unparadise Exactly my thought process.

And tuanquang269 what happens if the children were giving their parents only 10 dollars. In that case parents would still have 110 dollars after pension is increased by 20% and the children stop giving money to their parents. Parents are then better off.

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eybrj2 wrote:
Concerned about the well-being of its elderly citizens, the government of Runagia decided two years ago to increase by 20 percent the government-provided pension paid to all Runagians over 65. Inflation in the intervening period has been negligible, and the increase has been duly received by all eligible Runagians. Nevertheless, many of them are no better off financially than they were before the increase, in large part because ______________.

a) They rely entirely on the government pension for their income.

b) Runagian banks are so inefficient that it can take up to three weeks to cash a pension check.

c)They buy goods whose prices tend to rise especially fast in times of inflation.

d) The pension was increased when the number of elderly Runagians below the poverty level reached an all-time high.

e) In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living


Hi! All,

The argument states that Govt has increased pension amount for elderly people and inflation is negligible, but still elderly people are not better off.

The possible assumption could be:-
1) Their expenses have increased in other areas in which they never used to expense before
2) They are giving the money to support someone in the family
3) Initially, the pension amount was less and they were asking for money from their children. Now, since they receive more money, their children are not providing them money anymore.
a) They rely entirely on the government pension for their income. If they rely entirely on govt then they should be financially sound because the pension has increased.

b) Runagian banks are so inefficient that it can take up to three weeks to cash a pension check. Getting money three weeks later can also make people financially sound

c)They buy goods whose prices tend to rise especially fast in times of inflation. There is negligible inflation

d) The pension was increased when the number of elderly Runagians below the poverty level reached an all-time high. This doesn’t make sense because even if the poverty was all time high the increased pension would have helped raising the economic status as compare to earlier status.

e) In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living. This is a possibility that old people can live comfortably with revised pension and hence children are not sending them money anymore.

Hope it helps
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Re: Advanced CR: Concerned about financial well-being of its elderly [#permalink]

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New post 09 Sep 2015, 03:07
souvik101990 wrote:
Which of the following most logically completes the passage?
Concerned about financial well-being of its elderly citizens, the government of Runagia decided two years ago to increase by 20 percent the government provided pension paid to all Runagians over 65. Inflation in the intervening period has been negligible, and the increase has been duly received by all eligible Runagians. Nevertheless, many of them are no better off financially than they were before the increase, in large part because ________.

A. They rely entirely on the government pension for their income

B. Runagian banks are so inefficient that it can take up to three weeks to cash a pension check

C. They buy goods whose prices tend to rise especially fast in times of inflation

D. The pension was increased when the number of elderly Runagians below the poverty level reached an all-time high

E. In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living



Hello Souvik,

Can you please help me to understand the OA.

The passage doesn't say Runagia children will lower the monetary help after the increase by govt.

Thanks a lot!

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New post 10 Sep 2015, 10:30
Turkish wrote:
souvik101990 wrote:
Which of the following most logically completes the passage?
Concerned about financial well-being of its elderly citizens, the government of Runagia decided two years ago to increase by 20 percent the government provided pension paid to all Runagians over 65. Inflation in the intervening period has been negligible, and the increase has been duly received by all eligible Runagians. Nevertheless, many of them are no better off financially than they were before the increase, in large part because ________.

A. They rely entirely on the government pension for their income

B. Runagian banks are so inefficient that it can take up to three weeks to cash a pension check

C. They buy goods whose prices tend to rise especially fast in times of inflation

D. The pension was increased when the number of elderly Runagians below the poverty level reached an all-time high

E. In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living




Hello Souvik,

Can you please help me to understand the OA.

The passage doesn't say Runagia children will lower the monetary help after the increase by govt.

Thanks a lot!


I will make an attempt here.

In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living

Let us suppose comfortable living costs $1500 each month. This means that if government spend on senior citizen increases, then children will reduce their spend by that much amount to take the overall value to $1500 each month.

Hope it helps.
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New post 10 Sep 2015, 10:51
By the method of elimination, A, B, C & D can be rejected straight away. For E, it explains something about the finance available to elderly even after the rise.(the children supplement upto a limit that is well defined, so is elderly have more money less will be provided by children)

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Re: Advanced CR: Concerned about financial well-being of its elderly [#permalink]

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New post 11 Sep 2015, 03:57
GmatNirvanaSeeker wrote:
Turkish wrote:
souvik101990 wrote:
Which of the following most logically completes the passage?
Concerned about financial well-being of its elderly citizens, the government of Runagia decided two years ago to increase by 20 percent the government provided pension paid to all Runagians over 65. Inflation in the intervening period has been negligible, and the increase has been duly received by all eligible Runagians. Nevertheless, many of them are no better off financially than they were before the increase, in large part because ________.

A. They rely entirely on the government pension for their income

B. Runagian banks are so inefficient that it can take up to three weeks to cash a pension check

C. They buy goods whose prices tend to rise especially fast in times of inflation

D. The pension was increased when the number of elderly Runagians below the poverty level reached an all-time high

E. In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living




Hello Souvik,

Can you please help me to understand the OA.

The passage doesn't say Runagia children will lower the monetary help after the increase by govt.

Thanks a lot!


I will make an attempt here.

In Runagia children typically supplement the income of elderly parents, but only by enough to provide them with a comfortable living

Let us suppose comfortable living costs $1500 each month. This means that if government spend on senior citizen increases, then children will reduce their spend by that much amount to take the overall value to $1500 each month.

Hope it helps.


Yeah, I got the OA now, after thinking about it. The Word here is Supplement . Supplement to make the elderly's live a comfortable life. If the children already know that their parents are comfortable, well, they wont supplement ! Make sense. Thanks GmatNirvanaSeeker!

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New post 21 May 2016, 14:08
Iffy. Answer E very vaguely implies that they children would stop supporting the elders after they received income from another source. And this is knowing after the fact that E is the answer.

Further more "are no better off financially..." is vague. I can be poor and make 50$ a month and the government. 20% increase to 60$ and i'm still poor, the increase of money does not necessarily mean I'm better off financially... If more explicit words were used, such as "income" it would clarify things a bit more.

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Re: Advanced CR: Concerned about the well-being of its elderly citizens [#permalink]

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Hello from the GMAT Club VerbalBot!

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Re: Advanced CR: Concerned about the well-being of its elderly citizens   [#permalink] 21 Sep 2016, 18:15

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